![]() Economists told the news organisation that the committee was likely to continue with the same rates due to an increase in inflation, despite weak growth. ![]() The Monetary Policy Committee was expected to keep the interest rates unchanged at this week’s meeting too, according to Bloomberg Quint. The reverse repo rate allows banks to deposit funds with the central bank and earn interest on it. The repo rate is the rate at which RBI lends to its clients generally against government securities. The RBI had kept both the repo rate and the reverse repo rate unchanged at 4% and 3.3%, respectively. The last Monetary Policy Committee meeting was held on August 6. The tenure of Chetan Ghate, Pami Dua and Ravindra Dholakia of the committee ended earlier in September. The bank did not provide a reason for rescheduling the key meeting, though a report in The Economic Times said that the decision may have been taken because of the pending appointment of members of the external committee. “The dates of the MPC’s meeting will be announced shortly.” “The meeting of the Monetary Policy Committee (MPC) during September 29, 30 and Octois being rescheduled,” RBI said in a press release. The central bank said that it will announce the new dates soon. The Reserve Bank of India on Monday announced that it has rescheduled the meeting of the Monetary Policy Committee, which was supposed to begin from Tuesday. Muslim residents aghast as Hindu neighbours in Noida call the police to stop Ramzan prayers.River ecosystems: India’s most precious national asset is crying out for legal protection.NREGA attendance app claims to increase transparency.Watch: That hilarious moment when best friend pet dogs spot each other on video call.Watch: Cat climbs all over priest during service at mosque in Algeria.Read: Parini Shroff’s Women’s Prize for Fiction longlisted novel ‘The Bandit Queens’.‘August 16 1947’ review: A brain-numbing emancipation saga.Cricket: Zaheer Khan pens touching tribute to Sudhir Naik - ‘To Sir, With Love’.‘Jubilee’ review: In brooding tale of the price of stardom, a few notes of celebration.Adani got coal mine in auction where only other bidder was firm linked to Hindenburg storm.Watch: At this new Mumbai bus stop, commuters can not only charge their phones but also read a book.‘Gumraah’ review: A blunt remake that needed sharpening.
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